News

Genius Group Limited ( (GNS) ) has issued an update. Genius Group Limited has increased its Bitcoin Treasury to $35 million, purchasing 372 Bitcoin at an average price of $94,047 each, achieving 30% of its $120 million target ahead of schedule. The company also expanded its Bitcoin-backed loan to $14 million and approved a Founder Compensation Plan, aiming for a $1 billion market cap and Bitcoin Treasury net asset value growth, reflecting its strategic focus on Bitcoin and AI innovation. More ab

Platforms like Robinhood and Coinbase can help the design problems that are DeFi's biggest weakness.

Both Bitcoin and gold are viewed as stores of value. There will only ever be 21 million Bitcoin coins in circulation thanks to its halving schedule and hard supply cap that's etched into its code. Investors also classify Bitcoin and gold as assets desirable during times of uncertainty, such as geopolitical or economic crises.

Crypto investors no doubt spent much of this week fondly remembering the good old days, i.e., much of 2024, when their holdings rose in price more often than not. According to data compiled by S&P Global Market Intelligence, Chainlink (CRYPTO: LINK), one of the more popular, high-profile utility tokens, lost almost 16% of its value across the week. Uniswap (CRYPTO: UNI) fared little better, booking "only" a 15% decline, while Bitcoin Cash (CRYPTO: BCH) investors could possibly console themselves with a relatively shallow 10% dip.

Spot bitcoin ETFs began trading a year ago, opening up the crypto market to a wider range of investors and paving the way for more such products.

An unexpected change in the redemption mechanism of the protocol's yield-generating token caught investors off-guard, throwing the DeFi community into disarray.

Ian McGinley, the enforcement director at the Commodity Futures Trading Commission, is stepping down days before President-elect Donald Trump's inauguration.